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Big Bank Earnings Are In: What They Reveal About Your Mortgage Stress

  August 26, 2026 Canada's biggest banks are in the middle of reporting Q3 2026 results, and so far the headline numbers look strong. BMO and Scotiabank both beat analyst estimates this week, and National Bank of Canada reported this morning. RBC, TD, and CIBC follow Thursday, closing out the sector's earnings season. But the number that actually matters to most Canadians isn't profit — it's what the banks are setting aside for loans that might go bad, and what they're saying about who's struggling to keep up. That's where the picture gets more interesting than the headlines suggest. The headline numbers BMO kicked off the week with adjusted profit up 22% year-over-year and return on equity climbing to 14%, with the bank reiterating its target of 15% ROE by the end of fiscal 2027. Scotiabank posted what CEO Scott Thomson called a record quarter: net income of $3 billion, up 21% year-over-year, with adjusted ROE hitting 14.2% — clearing the bank's own med...
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Russia Vows to Target Tomahawk Missiles if Supplied to Ukraine

US Tomahawk missiles have a range of 2,500 km, far greater than any missile Ukraine currently has in its arsenal.

Russia has issued a stark warning that it will destroy any U.S.-supplied Tomahawk cruise missiles and their launchers should they be delivered to Ukraine. The statement came from Andrei Kartapolov, head of the Russian parliament’s defense committee, who emphasized that Moscow is prepared to neutralize the weapons and retaliate against Washington in ways that “hurt” if such a transfer occurs.

Kartapolov argued that Tomahawks would not alter the battlefield balance, claiming Russia’s military is familiar with the missile system from its operations in Syria. He added that Ukraine would be unable to conceal launch sites, which would become immediate targets for Russian drones and missiles.

The warning follows U.S. President Donald Trump’s remarks that he has “sort of made a decision” on whether to provide the long-range missiles to Kyiv, though he stressed he does not want to escalate the conflict. Russian officials, including Deputy Foreign Minister Sergei Ryabkov, have cautioned that supplying Tomahawks would mark a serious escalation and could irreparably damage Moscow’s relationship with Washington.

With a range of up to 2,500 kilometers, Tomahawk missiles would give Ukraine the ability to strike deep into Russian territory, including Moscow. The debate over their potential transfer underscores the growing tension between the U.S. and Russia as the war grinds on.


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